If the price of good A falls, it will:
a. increase a consumer's total utility from the consumption of that good
b. increase a consumer's marginal utility from consuming the last unit of that good.
c. decrease a consumer's marginal utility from consuming the last unit of that good.
d. do both (a) and (c).
d
Economics
You might also like to view...
Suppose a manager of a company is told by his staff that marginal productivity has risen above the average productivity over the last six months of operation
What can this manager conclude is happening to the overall average productivity of the company? Explain.
Economics
By itself, an increase in the price of oil shifts the
What will be an ideal response?
Economics